Technical Analysis for DXQ - Dynamic Active Enhanced Yield Covered Options ETF

Grade Last Price % Change Price Change
A 24.660 0.49% 0.120
DXQ closed up 0.49 percent on Thursday, May 16, 2024, on 1.26 times normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
180 Bullish Setup Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Gapped Down Weakness 0.00%
Pocket Pivot Bullish Swing Setup 0.49%
Volume Surge Other 0.49%
New 52 Week High Strength 0.49%
Gapped Up Strength 0.49%

   Recent Intraday Alerts

Alert Time
Possible Pocket Pivot about 18 hours ago
Fell Below Previous Day's Low about 18 hours ago
10 DMA Support about 18 hours ago
5x Volume Pace about 18 hours ago
3x Volume Pace about 18 hours ago

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Profile

Dynamic Active Enhanced Yield Covered Options ETF Description

Dynamic Active Enhanced Yield Covered Options ETF is an exchange traded fund launched and managed by 1832 Asset Management L.P. The fund invests in public equity markets of the United States and Canada region. The fund invests through derivatives in stocks of companies operating across diversified sectors. The fund uses derivatives such as options to create its portfolio. The fund invests in growth and value stocks of large- cap companies. It employs fundamental analysis to create its portfolio. The fund seeks to benchmark the performance of its portfolio against a composite index comprising of 20% of the S&P 500 TR Index, 50% of the CBOE S&P 500 PutWrite Index and 30% of the CBOE S&P 500 BuyWrite Index. Dynamic Active Enhanced Yield Covered Options ETF was formed on September 7, 2022 and is domiciled in Canada.


Classification

Keywords: Exchange Traded Funds Financial Markets Options Standard & Poor's Contract Law Chicago Board Options Exchange Cboe Djia Buywrite Index Buy Write

Top 10 Components

Symbol Grade Price % Change Allocation
CVE C -0.38 2.24
SU B 1.06 1.53

Is DXQ a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 24.69
52 Week Low 21.5
Average Volume 21,367
200-Day Moving Average 23.199
50-Day Moving Average 24.313
20-Day Moving Average 24.344
10-Day Moving Average 24.512
Average True Range 0.102
RSI (14) 69.79
ADX 20.64
+DI 35.938
-DI 15.636
Chandelier Exit (Long, 3 ATRs) 24.385
Chandelier Exit (Short, 3 ATRs) 24.285
Upper Bollinger Bands 24.708
Lower Bollinger Band 23.979
Percent B (%b) 0.93
BandWidth 2.995
MACD Line 0.092
MACD Signal Line 0.062
MACD Histogram 0.0298
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 24.900
Resistance 3 (R3) 24.873 24.767 24.860
Resistance 2 (R2) 24.767 24.706 24.780 24.847
Resistance 1 (R1) 24.713 24.668 24.740 24.740 24.833
Pivot Point 24.607 24.607 24.620 24.620 24.607
Support 1 (S1) 24.553 24.546 24.580 24.580 24.487
Support 2 (S2) 24.447 24.508 24.460 24.473
Support 3 (S3) 24.393 24.447 24.460
Support 4 (S4) 24.420